Smart Business Magazine, May 2019

40 Smart Business Cleveland May 2019 Partners Industrial Realty Group LLC and Industrial Commercial Properties LLC have created a unique live work play environment in Akron called The East End They have redeveloped a 5 million square foot campus formerly owned by Goodyear Tire and Rubber Co The East End includes a hotel gymnasium theater office and retail space restaurants and loft apartments Leveraging a public private partnership with the city the developers invested 55 million in extensive streetscape improvements to connect these components in 2016 the first of its kind in the area At that time no other private entity had participated with the design planning or funding of a public works project in Akron The projects unique approach to adaptive reuse has not only revitalized the former Goodyear campus but also served as a catalyst to stimulate further development in Akron It was also key to retaining Goodyear within the city in a new headquarters space and retaining local talent and has created additional job opportunities and support for local businesses Serving as a new economic and social center for the city The East End provides significant economic opportunity and prosperity for the region The East End INDUSTRIAL REALTY GROUP LLC INDUSTRIAL COMMERCIAL PROPERTIES LLC Stuart Lichter President and chairman of the board Christopher Semarjian Owner The Rocket Mortgage FieldHouse Transformation is a major renovation project to update Rocket Mortgage FieldHouse formerly Quicken Loans Arena home of the Cleveland Cavaliers and Cleveland Monsters Now in its 25th year of operation modernization of the publicly owned arena will help to maintain its elite status enhance the fan experience and continue to provide a positive impact for the region over the long term A partnership among the city of Cleveland Cuyahoga County and the Cavaliers The Rocket Mortgage FieldHouse Transformation is the first major structural renovation of the arena since it opened in 1994 Critical to renovation efforts will be the overall expansion of the facility to more than 152900 square feet accommodating enlargement of critical public areas such as entryways and concourses as well as creation of a new more contemporary exterior glass façade and atrium The 185 million transformation comes at a fraction of the cost of building a brand new facility Over the next two decades project partners expect the transformed arena to help support the momentum of growth taking place in downtown Cleveland as well as continue to stimulate development in the Gateway District The Rocket Mortgage FieldHouse Transformation CLEVELAND CAVALIERS GATEWAY DEVELOPMENT CORP CUYAHOGA COUNTY CITY OF CLEVELAND Len Komoroski CEO 2019CommercialDEVELOPMENTAWARDS

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